The SPXHILO fell relative to the VIX, indicating fewer stocks are trading at record highs as volatility rises. As the number of stocks making highs wanes, the odds of profitable investment decrease. I’m still selling leveraged ETF’s like FAS/FAZ BGU/BGZ TNA/TZA, but I’ve been taking my long positions off the table.

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Charles Amadeus

As a freelance trader and media entrepreneur raised in NYC, my waking life revolves around the market. I've moved to the fair city of Seattle to speculate, edit photos, fix computers and play the ukulele. This space is an organizational tool for ideas on risk management, fundamental analysis, technical trading, quantitative edges and participant psychology.